Oil's winning streak is over

Despite the slide today, crude is still trading 21% above its Christmas Eve settlement price of $42.53 a barrel. Fears about excess supply and waning demand sent crude crashing into a bear market in the fall.

1:09 p.m. ET, January 11, 2019

Midday market update: Stocks shake off early losses

From CNN Business' Matt Egan

Wall Street is making another comeback.

After sliding as much as 204 points earlier, the Dow was down just 45 points at 1 p.m. ET.

The S&P 500 dipped 0.1%.

The Nasdaq was off 0.2%.

The previously red-hot energy sector is under pressure. ConocoPhillips (COP) and EOG Resources (EOG) retreated 2%, in tandem with a slide in US oil prices. Crude is on track to snap a nine-day win streak.

Netflix shares are rallying

From CNN Business' Jordan Valinsky

Shares of Netflix (NFLX) are trading higher — more than 4% — after a series of bullish analyst reports ahead of next week's earnings.

Raymond James upgraded the stock to a "strong buy" and increased the price target of Netflix's stock to $450 from $435. The analyst credits the popularity of "Bird Box" and "Roma" for bolstering its film efforts and boosting subscriber growth.

GE fell as much as 2.5% on Friday after Inch slashed his GE price target from $10 to $7. He cited a "slower global economy," the loss of earnings from selling off its businesses, and huge question marks at GE Capital.

After plunging 57% in 2018, Wall Street optimists bid GE 18% higher so far this year. That makes GE one of the top stocks in the S&P 500.